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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Taxable $ 15,043 $ 11,621 $ 29,409 $ 23,809
Nontaxable 457 329 866 649
Interest-bearing deposits with financial institutions 80 39 113 60
Restricted investments in bank stock 33 36 64 68
Investment securities:        
U.S. government agency and corporations 1,614 854 3,123 1,554
States and political subdivisions (nontaxable) 1,388 1,033 2,769 1,887
States and political subdivisions (taxable) 450 255 900 480
Total interest income 19,065 14,167 37,244 28,507
Interest expense:        
Deposits 950 841 1,772 1,705
Secured borrowings (31) 0 34 0
Other short-term borrowings 1 0 1 0
FHLB advances 0 0 0 26
Total interest expense 920 841 1,807 1,731
Net interest income 18,145 13,326 35,437 26,776
Provision for loan losses 525 300 1,050 1,100
Net interest income after provision for loan losses 17,620 13,026 34,387 25,676
Other income:        
Earnings on bank-owned life insurance 319 276 638 573
Gain (loss) on write-down, sale or disposal of:        
Loans 477 1,136 1,190 3,483
Premises and equipment 22 (6) (134) (6)
Total other income 4,256 4,577 8,810 10,093
Other expenses:        
Salaries and employee benefits 6,941 5,366 13,655 10,592
Premises and equipment 1,893 1,588 3,818 3,230
Data processing and communication 618 640 1,331 1,242
Advertising and marketing 489 255 1,270 1,157
Professional services 826 830 1,545 1,767
Merger-related expenses 0 419 0 942
Automated transaction processing 440 377 809 669
Office supplies and postage 178 161 357 274
PA shares tax 441 366 601 416
Loan collection 30 31 65 81
Other real estate owned 29 (7) 3 18
FDIC assessment 136 124 373 235
FHLB prepayment fee 0 0 0 369
Other 779 701 1,627 1,315
Total other expenses 12,800 10,851 25,454 22,307
Income before income taxes 9,076 6,752 17,743 13,462
Provision for income taxes 1,412 1,056 2,556 2,099
Net income $ 7,664 $ 5,696 $ 15,187 $ 11,363
Per share data:        
Net income - basic (in dollars per share) $ 1.35 $ 1.14 $ 2.68 $ 2.28
Net income - diluted (in dollars per share) 1.35 1.13 2.67 2.26
Dividends (in dollars per share) $ 0.33 $ 0.30 $ 0.66 $ 0.60
Deposit Account [Member]        
Other income:        
Other Income $ 836 $ 565 $ 1,634 $ 1,130
Credit and Debit Card [Member]        
Other income:        
Other Income 1,114 1,153 2,289 2,103
Bank Servicing [Member]        
Other income:        
Other Income 317 518 758 1,029
Fiduciary and Trust [Member]        
Other income:        
Other Income 613 542 1,230 1,036
Investment Advisory, Management and Administrative Service [Member]        
Other income:        
Other Income 246 217 513 392
Financial Service, Other [Member]        
Other income:        
Other Income $ 312 $ 176 $ 692 $ 353